A Guide To Help You Pick The Right Wisconsin Car Donations
Donating a car to charity is a great option instead of getting rid of it. It is the most recommended option instead of selling it by yourself. However, if you decide to go on this route there are several considerations you should have in mind. Given that there are many charities you can donate your vehicle to, it is easy for one to get overwhelmed on which one to select. Below are guidelines that will help you pick the right Wisconsin car donations.
It is vital for you to be aware of the IRS guidelines that govern charitable donations or . You will find this on their website for you to know about any contributions deductions limitation. You will get a lot of information for you to know the fair market value of your vehicle. If you tax matters are complex, seek the services of a financial advisor to get professional advice. You need to be sure that you are donating to a legitimate charity. They should have a good track record. A good charity will have their details on national charity and IRS database especially if they deal with donation cars for sale or donate car for tax credit.
It is best for you to note that car donations charities are not created equal. It is for this reason that you have to look at their records of spending for you to be certain that they will use your donation well. There are reputable sites where you can check their reputation for you to make the right decision. Talk to your friends and family members who have dominated previously. Let them share their experiences and make your decision based on their opinions. Pick a charity which has been in existence for long. You will be sure about their track record given that you will have checked their past dealings to know if they are genuine. Consider reading reviews left by previous donors for you to confirm if they use the donations effectively.
Additionally, identify a charity that takes donations directly without involvement of any third party.
Consider driving the vehicle to the charity organisation instead of hiring towing services to ensure the retain all the amount they receive from the proceeds. Request for references and make calls to some of them. You will get information about the processes they use and their reputation. References will help you make an informed decision because you will get details that you would otherwise not find on their website.
Also, after donating the vehicle, the title needs to be transferred accurately. Skipping this process can be risky because in case of any crime or accident by the next owner you will be held responsible. A reputable charity will provide paperwork for you to fill out this information. It is important for you to keep scanned copies for tax audit purposes if you donate car to charity or donate boat to charity.